Lotus Resources Limited (AU:LOT) has released an update.
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Lotus Resources Limited has significantly bolstered its Letlhakane Uranium Project in Botswana, increasing its Indicated Mineral Resources by 65% following a successful infill drilling program. The project now boasts global resources of 142.2 million tonnes at 363 ppm U3O8, enhancing its prospects as a major standalone uranium development. This development aligns with Lotus’s strategy to progress Letlhakane alongside the Kayelekera Project in Malawi, slated to resume production in 2025.
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